The Greatest Works of Thomas Paine: 39 Books in One Edition. Thomas Paine
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we have too much of it, and that there is a necessity of reducing the quantity, in order to increase the value. Men are daily growing poor by the very means that they take to get rich; for in the same proportion that the prices of all goods on hand are raised, the value of all money laid by is reduced. A simple case will make this clear; let a man have 100 L. in cash, and as many goods on hand as will to-day sell for 20 L.; but not content with the present market price, he raises them to 40 L. and by so doing obliges others, in their own defence, to raise cent. per cent. likewise; in this case it is evident that his hundred pounds laid by, is reduced fifty pounds in value; whereas, had the market lowered cent. per cent., his goods would have sold but for ten, but his hundred pounds would have risen in value to two hundred; because it would then purchase as many goods again, or support his family as long again as before. And, strange as it may seem, he is one hundred and fifty pounds the poorer for raising his goods, to what he would have been had he lowered them; because the forty pounds which his goods sold for, is, by the general raise of the market cent. per cent., rendered of no more value than the ten pounds would be had the market fallen in the same proportion; and, consequently, the whole difference of gain or loss is on the difference in value of the hundred pounds laid by, viz. from fifty to two hundred. This rage for raising goods is for several reasons much more the fault of the Tories than the Whigs; and yet the Tories (to their shame and confusion ought they to be told of it) are by far the most noisy and discontented. The greatest part of the Whigs, by being now either in the army or employed in some public service, are buyers only and not sellers, and as this evil has its origin in trade, it cannot be charged on those who are out of it.
But the grievance has now become too general to be remedied by partial methods, and the only effectual cure is to reduce the quantity of money: with half the quantity we should be richer than we are now, because the value of it would be doubled, and consequently our attachment to it increased; for it is not the number of dollars that a man has, but how far they will go, that makes him either rich or poor.
These two points being admitted, viz. that the quantity of money is too great, and that the prices of goods can only be effectually reduced by, reducing the quantity of the money, the next point to be considered is, the method how to reduce it.
The circumstances of the times, as before observed, require that the public characters of all men should now be fully understood, and the only general method of ascertaining it is by an oath or affirmation, renouncing all allegiance to the king of Great Britain, and to support the independence of the United States, as declared by Congress. Let, at the same time, a tax of ten, fifteen, or twenty per cent. per annum, to be collected quarterly, be levied on all property. These alternatives, by being perfectly voluntary, will take in all sorts of people. Here is the test; here is the tax. He who takes the former, conscientiously proves his affection to the cause, and binds himself to pay his quota by the best services in his power, and is thereby justly exempt from the latter; and those who choose the latter, pay their quota in money, to be excused from the former, or rather, it is the price paid to us for their supposed, though mistaken, insurance with the enemy.
But this is only a part of the advantage which would arise by knowing the different characters of men. The Whigs stake everything on the issue of their arms, while the Tories, by their disaffection, are sapping and undermining their strength; and, of consequence, the property of the Whigs is the more exposed thereby; and whatever injury their estates may sustain by the movements of the enemy, must either be borne by themselves, who have done everything which has yet been done, or by the Tories, who have not only done nothing, but have, by their disaffection, invited the enemy on.
In the present crisis we ought to know, square by square and house by house, who are in real allegiance with the United Independent States, and who are not. Let but the line be made clear and distinct, and all men will then know what they are to trust to. It would not only be good policy but strict justice, to raise fifty or one hundred thousand pounds, or more, if it is necessary, out of the estates and property of the king of England’s votaries, resident in Philadelphia, to be distributed, as a reward to those inhabitants of the city and State, who should turn out and repulse the enemy, should they attempt to march this way; and likewise, to bind the property of all such persons to make good the damages which that of the Whigs might sustain. In the undistinguishable mode of conducting a war, we frequently make reprisals at sea, on the vessels of persons in England, who are friends to our cause compared with the resident Tories among us.
In every former publication of mine, from Common Sense down to the last Crisis, I have generally gone on the charitable supposition, that the Tories were rather a mistaken than a criminal people, and have applied argument after argument, with all the candor and temper which I was capable of, in order to set every part of the case clearly and fairly before them, and if possible to reclaim them from ruin to reason. I have done my duty by them and have now done with that doctrine, taking it for granted, that those who yet hold their disaffection are either a set of avaricious miscreants, who would sacrifice the continent to save themselves, or a banditti of hungry traitors, who are hoping for a division of the spoil. To which may be added, a list of crown or proprietary dependants, who, rather than go without a portion of power, would be content to share it with the devil. Of such men there is no hope; and their obedience will only be according to the danger set before them, and the power that is exercised over them.
A time will shortly arrive, in which, by ascertaining the characters of persons now, we shall be guarded against their mischiefs then; for in proportion as the enemy despair of conquest, they will be trying the arts of seduction and the force of fear by all the mischiefs which they can inflict. But in war we may be certain of these two things, viz. that cruelty in an enemy, and motions made with more than usual parade, are always signs of weakness. He that can conquer, finds his mind too free and pleasant to be brutish; and he that intends to conquer, never makes too much show of his strength.
We now know the enemy we have to do with. While drunk with the certainty of victory, they disdained to be civil; and in proportion as disappointment makes them sober, and their apprehensions of an European war alarm them, they will become cringing and artful; honest they cannot be. But our answer to them, in either condition they may be in, is short and full —“As free and independent States we are willing to make peace with you to-morrow, but we neither can hear nor reply in any other character.”
If Britain cannot conquer us, it proves that she is neither able to govern nor protect us, and our particular situation now is such, that any connection with her would be unwisely exchanging a half-defeated enemy for two powerful ones. Europe, by every appearance, is now on the eve, nay, on the morning twilight of a war, and any alliance with George the Third brings France and Spain upon our backs; a separation from him attaches them to our side; therefore, the only road to peace, honor and commerce is Independence.
Written this fourth year of the UNION, which God preserve.
Common Sense.
PHILADELPHIA, April 19, 1777.
4. In this state of political suspense the pamphlet Common Sense made its appearance, and the success it met with does not become me to mention. Dr. Franklin, Mr. Samuel and John Adams, were severally spoken of as the supposed author. I had not, at that time, the pleasure either of personally knowing or being known to the two last gentlemen. The favor of Dr. Franklin’s friendship I possessed in England, and my introduction to this part of the world was through his patronage. I happened, when a school-boy, to pick up a pleasing natural history of Virginia, and my inclination from that day of seeing the western side of the Atlantic never left me. In October, 1775, Dr. Franklin proposed giving me such materials as were in his hands, towards completing a history of the present transactions, and seemed desirous of having the first volume out the next Spring. I had then formed the outlines of Common Sense, and finished nearly the first part; and as I supposed the doctor’s design in getting out a history was to open the new year with a new system, I expected to surprise him with a production on that subject, much earlier than he thought of; and without informing him what I was doing, got it ready for the press as fast as I conveniently could, and sent him the first pamphlet that was printed off.